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20121120
Search Results 0 to 7 of about 8 (some duplicates have been removed)
directly at odds with house speaker john boehner. >> could you accept a deal that does not include tax rate increases for the wealthy? we've seen talk about a possible compromise that could leave rates the same but cap deductions for high-income earners. is that something that's acceptable? >> no. >> not at all no, way? >> no. the preponderance made it very clear in his campaign that there are not enough -- what you just described is a formula and a blueprint for hampering our future. you cannot go forward -- you have to cut some investments. if you cut too many you are hampering growth, you're hampering education, investments for the future. >> and even thousands of miles away it appears president obama is still focused on those negotiations. while touring a royal monastery with secretary of state clinton in thailand the president was overheard mentioning the budget talks to a monk. the president later clarified his comments -- >> he's not any monk. >> no. >> he has some big i vestments in the stock market. >> he later clarified his comments at a news conference. >> yes, we were working on
-like reaction, not a cliff-like reaction, and the leaders of wall street will help john boehner to make a better deal rather than pressuring him to make a deal that's bad for the economy and the fear that we don't get a deal will lead to getting a deal because the pressure correctly applied. >> the issue here is will we go over the cliff? i stopped saying cliff. sorry. okay, okay. but i think the question is do we get to the grassy gradual slope or not and then level roonlg. this is the first time since 2010 that's obama's had the leverage with republicans and saying there, you mentioned that poll yesterday adding to the leverage because, voters, you think to go over this so-called cliff and referring to the nervousness. who will you blame? >> republicans. >> republicans. that's more leverage of obama on that question and look at. yeah, he didn't draw that red line as krystal said at the beginning but as close to be an absolutist for incomes over $250,000 as he can be. this is an issue that he ran on. this bothers him ruled by republicans two years ago and taxes are not where they should be hist
.6 trillion of new revenue. boehner had agreed to $800 billion. it's not hard to find $1.2 trillion as a kind of middle ground to that. then you want to have $4 trillion of total deficit reduction, so that leaves $2.8 trillion of spending reductions that have to happen. here's what people miss. we can avoid going over the cliff with the stroke of a pen. they can just extend all this stuff and kick the can down the road. the real question is are we going to have a big deal? are we going to agree on the major spending restraints that we need as well as the tax stuff in order to actually get the deficit under control? and i think the betting on that is less than 50%. i think we have a great shot at it. but it's going to be really, really hard. >> is that the view from wall street, too? they're not totally confident that this is going to happen? >> what you see in the stock market at the moment is that wall street is not totally confident. that's for sure. >> all right. steve, thanks so much. >> pleasure. >>> coming up, independent senator-elect of maine, angus king joins the conversation. he's a
. >> could invite boehner over for bowling. it couldn't hurt. >> play golf with them. you are going to play golf anyway. >> there you go. it's a fantastic new book. check it out. "thomas jefferson, the art of power." thank you very much. >> appreciate it. >> why did president petraeus blame the attack on the video when he probably new better? thomas krauthammer next hour with a pretty good theory. and then a nine-year-old girl proving she can beat the boys at their own game. she is here next. [ timers ringing ] [ male announcer ] it's that time of year. time for campbell's green bean casserole. you'll find the recipe at campbellskitchen.com. ♪ campbell's. it's amazing what soup can do. [ husband ] transfer! [ male announcer ] free data transfer at home. you just deleted all the photos! you did! no you did! [ male announcer ] or free data transfer when you buy a windows 8 computer at staples. another way staples makes it easier to upgrade. military families face, we understan at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is
. john boehner still in the house for the time being at the treasury. the president is back in the white house and harry reid is in the senate with a few more seats. why should i believe this would end any more positively than the summer of 2011? >> because again i'm not going to try to talk to you in optimism but let's look at what's changed. you have republican leadership acknowledging for the first time in this debate in public that it's agreed to increase in revenues as part of an agreement that helps restore fiscal balance. that's a very important change. you can debate on what motivated that change, and of course it's true that approach has been a popular very substantial support among the american people. you have a much greater recognition that the economy would benefit on a carefully designed balanced agreement on fiscal reform and putting it off indefinitely is not good for the country. that's important, too. and i also think again if you listen carefully to what people are saying and what many politicians are saying with many elected representatives are saying there's a lot of
was open to listening to ideas from republicans. john boehner was just down there at the white house on friday, it's the beginning. we want to show him if he wants to gain revenues we are more than willing to talk about closing and limiting loopholes. bill: which loophole would you close? >> we'll sit down and lay them all on the table. there are a lot of ways you can go through. we have to have reforms. what you need to do too, the structural change. you have to have structural change otherwise you're going to continue to this trillion dollar deficits sthao based on your experience in working with president obama is he willing to go for significant tax reform, change the whole problem? that would be historical. >> we will not get out of this mess without growing this economy, and the only way to do that is to have structural reform and tax reform. this isn't something that republicans have sat back on. we have passed legislation already that sets up the framework to have tax ry reform. we've passed it to take away the sequestration that he says in the debate will not happen. bee hav
Search Results 0 to 7 of about 8 (some duplicates have been removed)